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Local property buyers investing overseas

Local property investors may not be buying much property in Myanmar at the moment, but a growing number have been snapping up units overseas. Sai Khun Naung Real Estate Company and Singapore-based real estate broker DWG will be holding an exhibition of luxury condominium properties from Thailand, Malaysia, UK and Japan for those interested in […]

China’s Extending Reach in Myanmar

Dissonance in the Hinterlands as China Moves In Myanmar’s dependence on China is easy to see. Brightly colored Chinese company signs and billboards are prominent, Chinese-looking businessmen stroll along the streets of Yangon, Myanmar’s largest city, and Chinese tourists seem to be everywhere. While I was visiting, a Chinese crew happened to be filming in […]

Invitation for Bids – Yangon Mandalay Railway Improvement Project Phase II, Deadline: 18th September, 2019

The Republic of the Union of Myanmar Ministry of Transport and Communications Yangon Mandalay Railway Improvement Project Phase II Invitation for Bids Date: 5th August 2019 Loan Agreement No: MY-P26 dated 29th March, 2018 IFB No: IFB-MR/BD/2107 The Government of the Republic of the Union of Myanmar has received a loan from Japan International Cooperation […]

A Wave of Enthusiasm for Japan in Myanmar

The Japan Craze Japan enjoys favorable relations with many countries worldwide. Due to its proximity to China and the Korean Peninsula, it is easy to gain an impression of anti-Japan sentiment, resulting from historical and territorial issues. But in fact, Japan has positive relations overall with the great majority of countries. Among these countries, one […]

Foreign partners poised to aid growth in Myanmar’s life insurance sector

YANGON—While joint-venture proposals from foreign insurance companies are being reviewed by the country’s insurance business regulatory board, some of Myanmar’s largest insurance companies are already building bridges to leverage foreign expertise for the growth of Myanmar’s nascent insurance industry. After two years of delays, Myanmar began allowing insurance companies to operate in the country’s life […]

Local, Foreign Insurance Cos. readying to sell in Myanmar

YANGON—Myanmar’s Ministry of Planning and Finance is set to give the go-ahead to joint ventures between local and foreign insurance companies next month. The country’s insurance business regulatory board, which is overseen by the Ministry of Planning and Finance, is currently scrutinizing companies that have submitted requests for proposals (RFP), U Zaw Naing, the board’s […]

Dawei SEZ stands better chance with Japanese participation, officials say

The governments of Myanmar, Japan and Thailand will be meeting over the troubled Dawei special economic zone (SEZ) project that has stalled since 2013 for lack of funding. Ministers will form a Joint Cooperation Committee to discuss how Japan can be more involved in developing the SEZ. Located 20 kilometres north of Dawei, capital of […]

Myanmar bourse seeks shot in the arm from overseas investors

YANGON — Myanmar will let foreign individuals and companies invest in the Yangon Stock Exchange, looking to breathe new life into the nation’s lone bourse. The Southeast Asian country’s Securities and Exchange Commission issued the notice on Friday. Foreign investors will be permitted to hold stakes totaling up to 35% in companies trading in Yangon. […]

Myanmar and Japan to form JV for Hanthawaddy Airport construction

Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]

Myanmar, Japan revive talks on building Hanthawaddy airport

Myanmar and Japan will form a joint venture and sign an agreement next year to kickstart the long postponed Hanthawaddy International Airport project located 80km north of Yangon near Bago. According to several government officials, both the Myanmar and Japanese governments have met at least four times to nail down details of the project, which […]